Costs, Obligations, and
Available Scholarships

Costs

    The total pledge fees are $600. The fee includes the cost of the Phi Psi badge and the IFC pledge fee. After being initiated into the fraternity the member dues are $600 per semester. A monthly payment plan is available.

     You could have some optional costs. We make T-shirts that are available for purchase for some events. Alcohol purchase is by individuals. You pay travel and incidental expenses on ski trips or to attend retreats in Los Cabos,  Mexico. (Generally Cabo room and board are provided at no cost.)

Cost Savings

There are some savings as a result of membership in our chapter. Many social events are held at less cost than what you would spend for an  equivalent activity in a cafe, restaurant, bar, or club. Elsewhere on this site the availability of accommodations in Los Cabos, Mexico, at almost no cost is described. Some excursions such as ski trips and game trips are managed at a lower price than you probably would alone.

Obligations

Your obligations as a brother of Phi Kappa Psi would be

•     Achieve academically — Attend class, study hard, seek assistance when needed.
•     Behave responsibly — Bring honor to yourself and your chapter.
•     Participate in the life of the fraternity —  For your four years of college attend meetings, serve on committees, support activities, share you knowledge, talent, and opinions   As an alumnus attend alumni events, keep in touch with brothers, and donate time and/or money back to Phi Kappa Psi.
•     Pay your debts — Promptly.
•     Replace yourself before leaving the chapter — Pledge at least one other to take your place.

Illegal drugs, including marijuana, are not allowed on chapter property at any time and would be grounds for immediate expulsion from the fraternity.

Available Scholarships

As a member of Phi Kappa Psi at Texas Tech you can potentially receive $5,000 per year in scholarships. Scholarships are awarded both locally, via the Phi Kappa Psi South Plains Educational Foundation, Inc. (the chapter house corporation) and nationally, directly from The Endowment Fund of Phi Kappa Psi, the largest such fund of any fraternity. 

Locally provided scholarships are currently awarded twice twice per year in the amount of $500 each to three applicants. Primary criteria are chapter contribution, grades, and need. These are awarded at the fall Homecoming banquet and the spring Founders Day banquet.

     Under consideration is an additional scholarship of similar amount the be given to one initiate in good standing from each new pledge class based exclusively upon grades the semester prior to and during pledgeship, or for fall pledge classes, upon SAT / ACT score and grade average during pledgeship.

 FALL AWARDS

Ralph D. Daniel Leadership Award
    $4,000, 1 award
Prerequisite: A minimum GPA of 2.5 (on a 4.0 scale)
Criteria: Leadership contributions to his Phi Psi chapter, his campus and his community. Emphasis on leadership outside the chapter setting.

The Solon E. Summerfield Scholarships
    $1,000, 25 awards.
    $3,000, 1 award
    $2,500, 1 award
    $2,000, 1 award
Prerequisite: A cumulative GPA of 3.0 (on a 4.0 scale)
Criteria:  Academic standing, and leadership and service to their chapter, campus and community. Emphasis is placed on chapter leadership.

The Ernest H. Garbe Award
    $2,500, 1 award
Prerequisites: Graduate or undergraduate student majoring in journalism or communications (including advertising and broadcasting).
A cumulative GPA of 2.75 (on a 4.0 scale)

The Winston R. “Win” Tate Award
    $2,500, 1 award
Prerequisites: Cumulative GPA of 2.75 (on a 4.0 scale)
A graduate or undergraduate student in business,
Criteria: Preference given to those studying economics, accounting or finance.

SPRING AWARDS

The Founders Fellowships
    $4,000, 6 awards
Prerequisites: In graduate school now or who will enter graduate school next fall.
Cumulative GPA of 3.0 (on a 4.0 scale)
Criteria: Academic standing, leadership, and character

The Philip M. Cornelius Award
    $1,500, 1 award
Prerequisites: Undergraduate
A 2.75 GPA,
Criteria: Financial need, and demonstrated moral character and leadership skills.

The Ben King Award
    $1,000, 1 award
Prerequisites: Undergraduate who is majoring in engineering (or a related field)
Working to support himself while in college.
cumulative GPA of 2.75 (on a 4.0 scale)
Criteria: Need, academic excellence, leadership skills and character.

The Ruddick C. Lawrence Awards
    $2,500, 2 awards
Prerequisites: Undergraduate members or groups of Phi Psis
Cumulative GPA of at least 3.0 (on a 4.0 scale)
Criteria: Meritorious service to people or organizations outside Phi Kappa Psi---campus, college community and hometown organizations.

The Mary Pickford-Rogers Memorial Award
    $1,500, 1 award
Prerequisites: Cumulative GPA of 2.75 (on a 4.0 scale)
Undergraduates or graduate student majoring in performing arts (theatre and film writing, directing, or acting; vocal and instrumental music, opera, ballet, modern dance or related subjects), telecommunications, journalism, or fine arts (painting, sculpture, etc.).

The Ernest H. Garbe Award
    $2,500, 1 award
Prerequisites: A cumulative GPA of 2.75 (on a 4.0 scale)
Graduate or undergraduate student majoring in journalism or communications (including advertising and broadcasting).

The Winston R. Tate Award
    $2,500, 1 award
Prerequisites: A cumulative GPA of 2.75 (on a 4.0 scale)
Graduate or undergraduate student in business, with preference given to those studying economics, accounting or finance. or higher is required.

The William R. Walker Award
    $2,500, 1 award
Prerequisites: A cumulative GPA of 2.75 (on a 4.0 scale
Graduate or undergraduate student in business, real estate, housing or land use, public policy and urban planning, or a law student with the intent to practice real estate law.

The foregoing information was compiled in 2007.

Additional, current, scholarship information is available on the Phi Kappa Psi national website for which a link can be found on the "Links & More" page at the end of this tour.